IllinoisJob Index: MSA Report Release data Issue 10/31/2012 Jan 1990 / Sep 2012 15.09 Note: IDES revised their estimates for the number of jobs at the beginning of 2012. www.real.illinois.edu As a companion to the June 2011 Illinois Job Index that reports an positive rating, this MSA Report provides a localized picture on Illinois job growth and allows for comparisons between local economies, Illinois, the Nation and the Rest of the Midwest. Total non-farm employment October 2012 Nation Rest of Midwest (RMW) Illinois Illinois Metro Illinois non-Metro (Rural) Illinois Chicago (Upstate) Illinois non-Chicago Sep 2011 Number of Jobs 133,500,000 18,935,500 5,711,500 5,212,100 499,400 4,069,100 1,642,400 Aug 2012 – Sep 2012 Growth Rate (%) 0.09 -0.15 0.24 -0.02 3.06 0.03 0.78 Number of Jobs 114,000 -28,700 13,800 -1,000 14,800 1,100 12,700 Last 12 months Growth Rate (%) 1.37 1.13 0.93 0.85 1.73 0.99 0.78 Number of Jobs 1,806,000 210,800 52,500 44,000 8,500 39,800 12,700 The monthly Illinois Job Index and MSA Report are provided as tools for elected officials, policy leaders and the public. Understanding the Illinois economy and business climate is enhanced by comparing and measuring Illinois employment growth rates against those of the Rest of the Midwest (RMW: Indiana, Iowa, Michigan, Missouri, Ohio and Wisconsin) and the Nation. Data and analysis are provided by the Illinois Economic Observatory / Regional Economics Applications Laboratory, University of Illinois. The MSA data (unless noted) were seasonally adjusted to be consistent with state totals. Talking Points State, Downstate & Metro MSA page (2-4) Illinois added 13,800 jobs in Sep 2012, compared with a revised 8,800 job changes in Aug 2012. Compared to Sep 2011, Illinois has added 52,500 jobs. The three-month moving average of jobs, a more stable measure of labor market, was up by 5,800 jobs per month. Illinois has lost 274,700 jobs since the economic crisis developed in December 2007. Since January 2010 when Illinois employment resumed after the national recession, Illinois has added 129,900 new jobs. The major geographic divisions, Chicago-Downstate had positive performance while Metro-Rural had mixed performance. Illinois Rural area added 14,800 jobs at 3.06% this month, compared to a revised 1,400 job losses in Aug. At the same time, Metro shed 1,000 jobs at -0.02% this month, compared to a revised 10,200 job gains in the previous month. Chicago added 1,100 jobs at 0.03% in Sep 2012, compared to a revised 7,500 job gains last month. On the other hand, Downstate added 12,700 jobs at 0.78%, compared to a revised 1,300 job gains in Aug. In terms of the 12-month aggregated account, Metro registered a positive 0.85% growth by adding 44,000 jobs whereas Rural added 8,500 jobs at 1.73%. Chicago added 39,800 jobs at 0.99% whereas Downstate added 12,700 jobs at 0.78%. Through Sep 2012, the cumulative job growth for Metro, Rural, Chicago and Downstate compared to January 1990 stood at 8.80%, 4.53%, 8.29% and 8.72%, respectively. Illinois Metro shed 1,000 jobs at -0.02% in Sep of 2012. Five out of the ten MSAs posted positive growth in July. Since the job recovery resumes in Jan 2010 in the IL state, MSA Peoria has shown an average growth rate of 0.17% which is the highest among all the IL MSAs; Champaign-Urbana-Rantoul has experienced the lowest average growth rate -0.17%. In terms of growth performance, five MSAs posted a net improvement from Aug to Sep, four declined in terms of rank. Peoria dropped to the last place in terms of monthly growth performance, while Kankakee climbed up to the first place. Over the last 12-month period, Rockford reached the first place while Decatur remained in the last place. Illinois Jobs Index: MSA REPORT release 10/31/2012 www.real.illinois.edu page 1 Total non-farm Employment growth Jan 1990 – Sep 2012 130.0 125.0 120.0 115.0 110.0 105.0 100.0 95.0 US (1) RMW (2) IL (3) 90.0 IL_NonChicago (4) Metro (5) Rural (6) 85.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Talking Points State, Downstate & Metro While the average growth for Illinois between 1990 and 2008 was 0.04%, the average from December 2007 to Sep 2012 is -0.08%. This is better than the performance during the 2000-2001 downturns which saw declines of -0.09%. Since the economic crisis in December 2007, the average growth for Metro is -0.08% while for Rural it is -0.04%. The same rate for Upstate it is -0.09% while for Downstate is -0.07%. Over the last 12-month period, the average growth rate for Metro was 0.07% and for Rural it was 0.17%. In 2010, Illinois’s performance was better than the RMW and compared favorably to the nation. In 2011, Illinois has performed as good as the RMW but worse than the nation. In 2011, the average growth rate for Illinois and the RMW is 0.05% while for the nation is 0.12%. So far in 2012 until Sep, the average growth rate for Illinois is 0.07%, for the RMW is 0.12% while for the nation is 0.11%. Downstate registered a -0.05% average decline in 2012 compared to an average gain of 0.10% growth in 2007, -0.17% decline in 2008, -0.32% decline in 2009, 0.09% growth in 2010 and 0.04% growth in 2011. By MSA Market Area Bloomington-Normal (B-N) Champaign-Urbana (C-U-R) Chicago Davenport-Rock Island-Moline (D-R-M) Decatur Kankakee Peoria Rockford Springfield Metro-East Illinois Illinois Jobs Index: MSA REPORT Sep 2012 Number of Jobs 90,000 103,500 4,069,100 179,400 52,500 43,300 183,500 147,000 112,400 231,300 Aug 2012 – Sep 2012 Growth compared to Illinois + + - Growth Rate % -0.70 0.15 0.03 0.20 -0.12 1.89 -1.10 -0.43 0.81 -0.41 0.24 release 10/31/2012 Number Of Jobs -631 200 1,100 300 -100 800 -2,000 -600 900 -1,000 13,800 Last 12 months Growth Rate % Number of Jobs 0.44 -0.01 0.99 -0.39 -1.27 1.44 0.77 1.64 1.04 -0.13 0.93 400 -10 39,800 -700 -700 600 1,400 2,400 1,200 -300 52,500 www.real.illinois.edu page 2 MSA League Tables*: Non-farm Employment Growth Rate Monthly growth: Rank Aug 2012 Sep 2012 Rank Change** 1 Decatur (2.79%) Kankakee (1.89%) 1 (+8) 2 Peoria (0.51%) Springfield (0.81%) 2 (+2) 3 Bloomington-Normal (0.45%) Davenport-Rock Island-Moline (0.2%) 3 (+4) 4 Springfield (0.34%) Champaign-Urbana-Rantoul (0.15%) 4 (+4) 5 Chicago (0.19%) Chicago (0.03%) 5 (+0) 6 Metro-East (0.18%) Decatur (-0.12%) 6 (-5) 7 Davenport-Rock Island-Moline (0.16%) Metro-East (-0.41%) 7 (-1) 8 Champaign-Urbana-Rantoul (-0.33%) Rockford (-0.43%) 8 (+2) 9 Kankakee (-0.44%) Bloomington-Normal (-0.7%) 9 (-6) 10 Rockford (-0.46%) Peoria (-1.1%) 10 (-8) Growth over last 12-months: Rank Aug 2012 Sep 2012 Rank Change** 1 Peoria (2.29%) Rockford (1.64%) 1 (+1) 2 Rockford (1.99%) Kankakee (1.44%) 2 (+3) 3 Bloomington-Normal (1.85%) Springfield (1.04%) 3 (+4) 4 Chicago (1.01%) Chicago (0.99%) 4 (+0) 5 Kankakee (0.32%) Peoria (0.77%) 5 (-4) 6 Davenport-Rock Island-Moline (0%) Bloomington-Normal (0.44%) 6 (-3) 7 Springfield (-0.01%) Champaign-Urbana-Rantoul (-0.01%) 7 (+1) 8 Champaign-Urbana-Rantoul (-0.06%) Metro-East (-0.13%) 8 (+1) 9 Metro-East (-0.12%) Davenport-Rock Island-Moline (-0.39%) 9 (-3) 10 Decatur (-0.49%) Decatur (-1.27%) 10 (+0) Talking Points MSA League Tables Peoria (2nd to 9th) experienced the deepest fall this month. Decatur (1st to 6th), Metro-East (6th to 7th) and Bloomington-Normal (3th to 9th) also dropped in terms of rank from last month. The most remarkable upward move in September was recorded for Kankakee (9th to 1st). Springfield (4th to 2nd), Davenport-Rock Island-Moline (7th to 3rd), Champaign-Urbana-Rantoul (8th to 4th) and Rockford (10th to 8th) also gained in terms of rank from last month. In the 12 months growth league table, upward moves were only recorded for Rockford (2nd to 1st), Kankakee (5th to 2nd), Champaign-Urbana-Rantoul (8th to 7th), Metro-east (9th to 8th) while downward moves were recorded for Peoria (1st to 5th), Bloomington-Normal (3rd to 6th) and Davenport-Rock Island-Moline (6th to 9th). Chicago and Decatur remained in the same place. In the 12 months growth league table, Decatur remained in the last place and Rockford climbed up to the first place. *MSA League Tables are based on revised employment data. For instances of equal growth rate for multiple MSAs ranks are decided based on change of growth rate from previous month. **Changes indicate change in rank position compared to previous month and correspond to the MSA at the right column. Rise is indicated by a ‘’ and decline by a ‘’ and for an unchanged position a ‘’ is used. Figures in parenthesis indicate relative rank change from previous month. Illinois Jobs Index: MSA REPORT release 10/31/2012 www.real.illinois.edu page 3 Shaded area on above chart represents Illinois growth. Sep 2012 MSA Employment by Sectors (000s) * Market Area Trade, Construc- Manufac- transportat Information turing ion & tion (CON) (MAN) utilities (INF) (TTU) Financial activities (FIN) Profession al & Education Leisure & Other business & health hospitality Services services (EDU) (LEI) (OTH) (PRO) 2.38 4.08 12.64 0.80 12.47 18.39 10.98 10.08 (2.6%) (4.5%) (14.1%) (0.9%) (13.9%) (20.4%) (12.2%) (11.2%) 3.13 8.03 16.93 2.71 4.30 7.91 13.04 10.6 Champaign-Urbana (3.0%) (7.8%) (16.4%) (2.6%) (4.2%) (7.6%) (12.6%) (10.2%) 124.9 385.38 805.06 74.71 276.16 721.89 609.37 380.84 Chicago (3.1%) (9.5%) (19.8%) (1.8%) (6.8%) (17.7%) (15%) (9.4%) 8.32 24.7 37.11 2.51 8.04 21.53 25.85 16.84 Davenport-Rock Island-Moline (4.6%) (13.8%) (20.7%) (1.4%) (4.5%) (12%) (14.4%) (9.4%) 3.16 10.77 10.9 0.70 1.98 4.04 8.14 4.68 Decatur (6.0%) (20.5%) (20.7%) (1.3%) (3.8%) (7.7%) (15.5%) (8.9%) 1.18 4.99 10.2 0.49 1.89 2.88 8.78 3.99 Kankakee (2.7%) (11.5%) (23.5%) (1.1%) (4.4%) (6.6%) (20.3%) (9.2%) 7.16 29.02 34.39 2.49 7.26 22.85 33.17 17.61 Peoria (3.9%) (15.8%) (18.7%) (1.4%) (4.0%) (12.5%) (18.1%) (9.6%) 4.54 31.17 27.03 1.74 5.88 16.16 23.66 12.58 Rockford (3.1%) (21.2%) (18.4%) (1.2%) (4.0%) (11%) (16.1%) (8.6%) 4.22 3.27 17.29 2.00 7.03 12.46 18.86 10.07 Springfield (3.7%) (2.9%) (15.4%) (1.8%) (6.3%) (11.1%) (16.8%) (9.0%) 185.74 597.74 1133.68 97.70 365.54 864.29 856.12 534.00 IL (3.3%) (10.5%) (19.9%) (1.7%) (6.4%) (15.1%) (15%) (9.4%) * The Illinois Department of Employment Security does not collect sector employment data for Metro-East BloomingtonNormal Government (GOV) 2.99 (3.3%) 3.09 (3.0%) 178.86 (4.4%) 7.54 (4.2%) 2.36 (4.5%) 1.72 (4.0%) 8.02 (4.4%) 8.48 (5.8%) 6.40 (5.7%) 239.16 (4.2%) 15.27 (17%) 33.55 (32.4%) 510.24 (12.5%) 27.03 (15.1%) 5.91 (11.3%) 7.23 (16.7%) 21.51 (11.7%) 16.53 (11.2%) 30.79 (27.4%) 828.15 (14.5%) Total non-farm Employment growth rate Jan 1990 – Sep 2012 150.0 IL(1) Bloomington-Normal (2) Champaign-Urbana-Rantoul (3) Chicago (4) Davenport-Rock Island-Moline (5) Decatur (6) Kankakee (7) Peoria (8) Rockford (9) Springfield (10) St.Louis (11) 140.0 130.0 120.0 110.0 100.0 90.0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 MSA DESCRIPTION: Bloomington-Normal (B-N): McLean Co.Champaign-Urbana (C-U-R): Champaign Co., Ford Co. & Piatt Co. Chicago: Cook Co. IL, DeKalb Co. IL, DuPage Co. IL, Grundy Co. IL, Kane Co. IL, Kendall Co. IL, Lake Co. IL, McHenry Co. IL, Will Co. IL & Kenosha Co. WI Davenport-Moline-Rock Island (D-R-M): Henry Co. IL, Mercer Co. IL, Rock Island Co. IL & Scott Co. IA Decatur: Macon Co.Kankakee: Kankakee Co. Metro-East: Bond Co., Calhoun Co., Clinton Co., Jersey Co., Macoupin Co., Madison Co., Monroe Co. & St. Clair Co. Peoria-Pekin (Peoria): Marshall Co., Peoria Co., Stark Co., Tazewell Co. & Woodford Co.Rockford: Boone Co. & Winnebago Co. Springfield: Menard Co. &SangamonCo.The MSA data (unless noted) were seasonally adjusted to be consistent with state totals. The Illinois Economic Observatory and Illinois Jobs Indexis part of the Institute of Government and Public Affairs at the University of Illinois. Illinois Jobs Index: MSA REPORT release 10/31/2012 www.real.illinois.edu page 4 Employment Forecast for MSAs Sep 2012* Sep 2013 (p)* 90,000 Sector with Highest Growth Rate (p) Sector with Lowest Growth Rate (p) Number of Jobs * Growth Rate % Growth 90,400 100~400 0.11%~0.44% + PRO (1.3%) MAN (-6.1%) 103,500 102,600 -900~0 -0.88%~0% - INF (6.9%) MAN (-1.2%) Chicago 4,069,100 4,081,000 11,900~15,800 0.29%~0.39% + CON (3.6%) EDU (1.9%) Davenport-Rock Island-Moline 179,400 178,500 -900~-600 -0.50%~-0.34% - GOV (1.3%) PRO (-6.0%) Decatur 52,500 52,000 -500~0 -0.96%~0% - MAN (1.6%) PRO (-7.1%) Kankakee 43,300 43,200 -100~200 0.23%~0.46% + MAN (1.1%) CON (-6.9%) Peoria 183,500 185,800 300~600 0.16%~0.33% + MAN (2.5%) INF (-4.4%) Rockford 147,000 147,400 400~700 0.27%~0.47% + MAN (3.7%) CON (-6.5%) Springfield 112,400 110,500 -400~0 -0.36%~0% - CON (1.6%) INF (-5.5%) MSAs BloomingtonNormal Champaign-UrbanaRantoul *Total Non-Farm Jobs Illinois Jobs Index: MSA REPORT release 10/31/2012 www.real.illinois.edu page 5 Illinois Jobs Index: MSA REPORT release 10/31/2012 www.real.illinois.edu page 6